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Wheels Up Experience's tax expense for the months ended in Sep. 2024 was $0.4 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was $1.4 Mil.
The historical data trend for Wheels Up Experience's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Wheels Up Experience Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Tax Expense | - | - | 0.06 | 0.17 | 1.38 |
Wheels Up Experience Quarterly Data | ||||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Tax Expense | Get a 7-Day Free Trial | 0.58 | 0.63 | -0.11 | 0.44 | 0.41 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.4 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Wheels Up Experience (NYSE:UP) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of Wheels Up Experience's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Donald Lee Moak | director | 601 WEST 26TH STREET, SUITE 900, NEW YORK NY 10001 |
Mark Briffa | officer: Chief Commercial Officer | 601 WEST 26TH ST. SUITE 900, NEW YORK NY 10001 |
Laura Heltebran | officer: Chief Legal Officer | C/O WHEELS UP EXPERIENCE INC., 601 WEST 26TH STREET, NEW YORK NY 10001 |
Knighthead Opportunities Capital Management, Llc | 10 percent owner | 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017 |
Andrew Stephen Davis | director | 500 OLD DOMINION WAY, THOMASVILLE NC 27360 |
Certares Opportunities Llc | 10 percent owner | 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017 |
Adam Ross Zirkin | director | 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017 |
Jeffrey Nedelman | director | 8501 WILLIAMS ROAD, ESTERO FL 33928 |
Alain Bellemare | director | C/O DELTA AIR LINES, INC., DEPT. 981, P.O. BOX 20574, ATLANTA GA 30320 |
Cantor Adam Corey | director | 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017 |
Ck Wheels Llc | 10 percent owner | 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017 |
George N Mattson | director | C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320 |
Ck Opportunities Gp, Llc | 10 percent owner | 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017 |
Zachary George Lazar | director | 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017 |
Daniel C. Janki | director | 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513 |
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